Agree Realty Corporation – Consensus Indicates Potential 6.6% Upside

Broker Ratings

Agree Realty Corporation with ticker code (ADC) have now 14 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 85 and 73 calculating the mean target price we have 78.11. Given that the stocks previous close was at 73.27 this indicates there is a potential upside of 6.6%. The 50 day moving average now sits at 72.7 while the 200 day moving average is 71.8. The company has a market cap of $6,503m. Company Website:

The potential market cap would be $6,933m based on the market concensus.

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Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company’s common stock is listed on the New York Stock Exchange under the symbol “ADC”.

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